| | NOVEMBER 2023ENTERPRISE SECURITY8IN MY OPINIONIN MY OPINIONMark AlvaradoWHY DO CYBER SECURITY LEADERS STRUGGLE TO GET THEIR SECURITY INITIATIVES FUNDED?By Mark Alvarado, Executive Director of IT Security & Compliance, Academy Sports + OutdoorsI have been in IT for over 20 years with a focus IT security for the last 12 years. The number one issue that I hear from my peers in the cyber security space is funding, by why? Why is funding for a cyber program hard to get when cyber-crime is at an all-time high. It's difficult to read or watch the daily news without hearing about a ransomware attack or data breach event somewhere in the world. It's also well known in the IT recruitment space that there is a shortage of qualified cyber professionals. Additionally, the pay for cyber professionals is also higher than most other IT roles. Which brings me back to my question "Who do cyber security leaders struggle to get their security initiates funded"?In my opinion, there are to primary reasons why. First, the cyber security leader fails to effectively communicate to their senior leadership. Secondly, the cyber security leader fails to effectively explain the business need. I know that my opinion may upset a few
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